The Fastest Growing Industries of 2016
The UK economy is fundamentally strong. On the financial front, savers have had a statistically tougher year as the UK interest rate has declined to 0.25 per cent. That said, it has been a productive year for those looking to build careers in exciting new sectors. We’ve already given you a glimpse of the things you could be spending your hard earned cash on this year, along with some of the best places to work.
But what are the top growth industries of 2016? Here are just a few of the top ones. While we’re in no position to make recommendations, some suggest these are the most exciting industries to work in right now.
Speak to a financial advisor or seek the relevant professional advice to discuss your next step if you find any of the information in this post helpful.
- Car manufacturing
Yes – believe it or not, manufacturing makes the list! Car manufacturing in the UK is at an all-time high, with 900,000 cars being built in the first six months of the year – that’s the most since 2000. That’s the best production rate of any European nation.
- Company secretaries
There are now over 50,000 company secretaries working in the UK, which is a 47% increase in the last 2 years.
- Graphic design
There has been a 47 per cent increase in the number of graphic designers in the last 2 years. The total now sits at 86,000.
If the job market is anything to go by, there has been a real boost in e-retail in 2016, with the sector predicted to grow a further 32 per cent in the next five years.
The UK games industry is growing rapidly. There are 1,902 video game companies in the UK with an estimated current value of $4.2bn in 2015. It’s clear that games are a huge, growing industry in the UK that has exciting prospects.
According to The Drum, the advertising industry is now worth a total value of £18bn to the UK media and entertainment industry and over the last three years the industry has grown by 6% per cent annually.
The UK FinTech sector has a combined workforce of over 60,000 employees – more than in Singapore, Hong Kong and Australia combined. It also generated over £6.6bn in revenue.
This article is for information only and must not be considered as financial advice. We always recommend that you seek independent financial advice before making any financial decisions. Investments can go down as well as up and you may get back less than you invested.